Land & Buildings Issues Letter Detailing First Industrial’s Governance Discount
First Industrial Realty Trust, Inc. (FR)
Last first industrial realty trust, inc. earnings: 4/22 05:10 pm
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US:NYSE Investor Relations:
firstindustrial.com/secondarynavigation/investors/investorhome.php
Company Research
Source: Business Wire
Contends that Board Entrenchment Is Costing Shareholders Approximately $15 Per ShareBelieves Land & Buildings Founder and CIO Jonathan Litt Could Help Unlock Trapped ValueIntends to Vote Against Longstanding Directors Mr. Dominski and Mr. Hackett at the 2026 AGM STAMFORD, Conn.--(BUSINESS WIRE)--Today, Land & Buildings Investment Management, LLC (together with its affiliates, “Land & Buildings,” “L&B,” “us” or “we”), a shareholder of First Industrial Realty Trust (NYSE: FR) (“First Industrial,” “FR” or the “Company”), issued a letter to shareholders detailing the Company’s governance discount and its latest engagement with the Company.The full text of the letter is below:Dear fellow First Industrial Shareholders,Two weeks ago, we published a detailed letter documenting First Industrial’s persistent and consistent discount to NAV, significant valuation discount to its closest peers and disappointing total shareholder return relative to the Company’s own proxy compensation peers.The
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News
- First Industrial Realty Trust Comments on Land & Buildings' Withdrawal of Jonathan Litt as a Director NomineePR Newswire
- Land & Buildings Sends Letter to First Industrial Realty Trust Shareholders Detailing Why Investors Should Withhold Votes for Entrenched Directors [Yahoo! Finance]Yahoo! Finance
- A Look At First Industrial Realty Trust (FR) Valuation After Recent Share Price Momentum [Yahoo! Finance]Yahoo! Finance
- First Industrial Realty Trust Appoints Frank E. Schmitz to Board of Directors [Yahoo! Finance]Yahoo! Finance
- First Industrial Realty Trust Appoints Frank E. Schmitz to Board of DirectorsPR Newswire
FR
Earnings
- 2/4/26 - Beat
FR
Sec Filings
- 3/20/26 - Form PX14A6G
- 3/20/26 - Form DEFA14A
- 3/17/26 - Form 8-K
- FR's page on the SEC website